ITALIAN bank shares were on the rise today as the government asked parliament to approve a â‚¬20 billion (Â£16.8 billion) bailout to help prop up the nation's wobbling financial sector. The plan came amid growing expectations that Italy's third-biggest lender, Monte dei Paschi, could be...

WHEN it comes to bad stuff in banking, the name of Fred Goodwin still looms large. The Wall Street Journal points out the desperate problems of the world's oldest bank Monte dei Paschi di Siena can be traced back to the Royal Bank of Scotland's carve up of ABN Amro at a dinner hosted by Goodwin...

WHEN it comes to bad stuff in banking, the name of Fred Goodwin still looms large. The Wall Street Journal points out the desperate problems of the world's oldest bank Monte dei Paschi di Siena can be traced back to the Royal Bank of Scotland's carve up of ABN Amro at a dinner hosted by Goodwin...

A DISASTROUS economic and political situation is developing in Italy, especially with the government's failing attempts to recapitalise the Banca Monte dei Paschi di Siena, the biggest rotten apple in the Italian banking system barrel.